TAXES: Income from renting computer to Nicehash

[geekcryptogal]

If I use Nicehash, I am not mining myself but renting my computer out for use.

Therefore for tax purposes, wouldn't I report this under "Other Income" (rental income.. same as renting a home or office space out to a business)?

That sort of income is not subject to self employment taxes.

[zeilercd]

https://ttlc.intuit.com/questions/4138638-how-do-i-report-cryptocurrency-mining-income
basically you can claim as other income each day you get deposit from mining to your wallet - or you can claim as self employed income...
ALSO when you Cash the coin out to your currency to spend it (USD whatever - buy something with the coin) you pay capital gains/losses on value of coin at that time (short term less than a yr or longer than a yr depending how long you waited to spend the coin from when it was mined)

[dagarair]

you have to report capital gains on it.  IRS is very specific now. 

[dhouse]

i freaking hate the way crypto is taxed. It's absurd in so many ways.

[B1tUnl0ck3r]

13 days left check with a certified accountants... as you may be distributed to a friend of Lois Lerner.